Mar. 2, 2026
The $8 gas question
California has lost 17% of its refining capacity in months -- and with more closures looming, experts are debating whether drivers are headed for a painful price shock at the pump.
There's something about a prediction of $8 per gallon gasoline that grabs people's attention.
The prognostication for the end of 2026 - by Michael A. Mische, a professor at USC Marshall School of Business - attracted a great deal of attention last year. It was based not on the possibility of a spike in crude oil prices but on the closure of two of California's remaining refineries.
He backed off the dollar number a bit in a phone interview last week but said ...
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